Could the great refi boom finally be over?
A growing chorus of mortgage industry observers believe the final week of February might have been the last hurrah for sub-3% mortgage rates. And the proof is in the refi… Read more »
Category: Mortgage
The housing bubble boys blew it in 2020
The NAR existing home sales report released today blew out all estimates with 6,540,000 in existing home sales. This epic headline punctured any bubbles the 2020 bubble boys had left… Read more »
Mortgage applications for home purchases increase
Applications for mortgages to purchase homes gained for the fourth consecutive week while refinancings dropped, the Mortgage Bankers Association said in a Wednesday report. A seasonally adjusted index measuring purchase… Read more »
Mortgage industry lays out its case for widespread coronavirus emergency relief
The mortgage industry’s biggest trade and lobbying groups are banding together to push the federal government for widespread relief for all borrowers affected by the coronavirus outbreak in the U.S…. Read more »
Here’s what it would take for mortgage rates to sink even lower
Two weeks ago, I theorized for a Bankrate.com expert poll that the 10-year yield could go below 1% if headlines about coronavirus in the U.S. got worse. Within those two… Read more »
Mortgage rates fall to an all-time low
The average U.S. rate for a 30-year fixed mortgage fell to 3.29% this week, the lowest ever recorded by Freddie Mac in a series that goes back to 1971. The… Read more »
Mortgage rates return to 3-year low
The average U.S. fixed rate for a 30-year mortgage fell to 3.45% this week, matching the three-year low set three weeks ago. The rate declined as global money managers spooked… Read more »
Welcome to the big leagues: Increasing loan limits fuel industry competition
Like clockwork for the industry, every year for the last four years, the Federal Housing Finance Agency increased Fannie Mae’s and Freddie Mac’s conforming loan limits at the start of… Read more »
Mortgage rates drop to three-month low
The average U.S. fixed rate for a 30-year mortgage fell to 3.6% this week, a three-month low. That’s 5 basis points below last week and 85 basis points below the 4.45%… Read more »